Date: August 11, 1995 To: NCF Board, NCF committees, NCF task forces, NCF staff, all members From: Jeff Bossert, Treasurer Subject: 1996 NCF Budget The 1996 NCF Budget is due on December 31, 1995. Accordingly we must now begin to assemble the information required to prepare the 1996 budget. The proposed schedule for the 1996 NCF Budget preparation and review is as follows: August 15 - October 17, 1995 NCF committees, task forces, staff, membership to identify initiatives that will impact the 1996 NCF budget. October 17, 1995 Deadline for NCF membership input to the 1996 budget. October 17 - November 21, 1995 Preparation of the Draft 1996 Budget by the Finance Committee. November 21, 1995 Presentation of Draft 1996 Budget at November Board meeting by the NCF Treasurer. November 21 - December 5, 1995 Comments on the Draft budget will be accepted and incorporated into the 1996 budget by the Finance Committee. December 19, 1995 Presentation of the Final 1996 Budget at December Board meeting by the NCF Treasurer. All NCF committees, task forces, staff and members who are planning initiatives that will have a financial impact on the NCF's operations should identify the magnitude and timing of both revenues and expenses, that will result from planned initiatives, on a monthly basis for the 12 months of 1996. For each project, you should provide the following: - a description of the project - the benefits to the NCF - the timeline for the project - the person responsible for the project and any additional people involved - the expected cash flow (in & out) and dates for the receipt and payment of funds Please note, a budget is a plan - it does not have to be perfect and we don't have to rigidly adhere to it if we determine it to be inappropriate at some point in 1996. The primary objective of the budgetting process is to plan for the future and prepare ourselves financially for the coming year, based on our best estimate of what we expect we will be doing in 1996. If you have any comments or questions, I can be reached by e-mail at au025. -- Jeff Bossert, NCF Treasurer Senior Engineer, Comgate Engineering 235-4778